Category: Andrew Bailey

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Bank of England sees CBDCs as a revolution for the future of money

November 24, 2021

The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs. In an event streamed live on Wednesday, Bank of England governor Andrew Bailey and deputy governor for financial stability Sir Jon Cunliffe answered questions from lawmakers from the Economic Affairs Committee. When asked about the growth of innovation surrounding…
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Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

November 11, 2021

Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British…
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